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Should multinational corporations be concerned with the global common good? An interdisciplinary exploration (RV of 2005/28/ABCM)

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Today, growing concern is being expressed about the far-reaching consequences of the globalization process as it currently unfolds. Multinational corporations, with their huge economic power, their influence and the multiple consequences of their activities, are the focus of much interest among those who strive to devise new ways of serving the common good - and more precisely, the global common good. The authors clearly identify important reasons to urge corporations to focus their attention on this issue more now than before. Beyond the forces that push them to short-term financial objectives, a growing number of multinationals are concerned about more complex issues of "responsibilities", and the concept of common good is slowly being explored in their corporate behavior. The paper proceeds in four steps. Firstly, it throws light on various approaches of the common good, stemming from three disciplines: philosophy, theology and economics. Secondly, it discusses the concept of "global common good" and some of its implications. Thirdly, it develops three major determining factors that are likely to drive corporations to take the global common good into account: the deterioration of the biosphere, the rise of an anti-globalization sentiment, and the necessity to invent a global social contract. Lastly, the paper presents a number of counter-arguments that are often put forward, and suggests some possible refutations

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en

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application/pdf

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http://flora.insead.edu/fichiersti_wp/inseadwp2005/2005-31.pdf

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Copyright INSEAD. All rights reserved